Household annual income definition

Household annual income means the aggregate annual income of all persons over 18 years of age residing within the same household for a period of at least four months.
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Household annual income means the aggregate annual income of all persons over 18 years of age residing in the same household.
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Household annual income means the household's gross annual income.
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Examples of Household annual income in a sentence

  • Total Annual Household Income$Note: Household annual income must be 200 percent or less of the federal poverty level for a household of that size.

  • To qualify for HCDAP assistance to purchase a home, an applicant must meet the following requirements: • Household annual income cannot exceed 120% of the area median income (AMI) for Harris County • Applicant must have the financial ability to secure a first mortgage with a financial/mortgage institution.

  • To qualify for AHPP assistance to purchase a home, an applicant must meet the following requirements:• Household annual income cannot exceed 80% for LMI and 120% for UN of the area median income (AMI) for Harris County• Applicant must have the financial ability to secure a first mortgage with a financial/mortgage institution.

  • The WEI will provide multiple outcome measures including:• Student enrollment;• Program completion rates;• Job placement rates of program completers;• GDP change for Wakulla, Gulf and Franklin Counties;• Household annual income change for Wakulla, Gulf and Franklin Counties; and• Average salary changes for Wakulla, Gulf and Franklin Counties.

  • Total Annual Household Income Note: Household annual income must be 200 percent or less of the federal$ poverty level for a household of that size.

  • If a full-time student aged twenty-four (24) years or younger is a dependent, only $480 of the full-time student’s income will be counted toward total Household annual income if all of the following criteria are met: • Student cannot be Head of Household, Co-head, or Spouse of Household;• The student’s full-time status must be 3rd party verified by their school/college; and• Student must be claimed as a dependent, or on student’s tax filings s/he must show that s/he is a dependent.

  • Household annual income may not exceed 100% of the HUD median income for Suffolk County, and net worth may not exceed twice the price of the unit to be purchased.

  • Household annual income was reported as 28% earned under $30,000; 21% earned income between $31,000 and $50,000; 4% reported earning an annual household income between $51,000 and $70,000; 28% earned between $71,000 and $105,000; and 19% of users earned an annual income above $105,000.

  • At the same time, according to the ‘do-no-harm-principle’ of the right to food unintended negative nutritional consequences on health and care along the value chain should be minimized (e.g. raising prevalence of malaria through irrigation systems; reduction in women´s time available for child care).

  • Household annual income ranged from “$0-$19,999 (7.1%)” to “$100,000 or more (15.3%)” with the median annual income being $50,000.


More Definitions of Household annual income

Household annual income means the sum of all taxable incomes of persons forming a household, being the amount identified as taxable income on the most recent income tax return (line 260 of the income tax T1 General Form), of all the individuals 15 years and older that reside together in that Household in an Affordable Rental Unit;
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Household annual income means the sum of the total anticipated income for each Household member during the 12-month period commencing with the date of initial occupancy, as further described in Chapter 3 of this Guide.
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Related to Household annual income

  • Annual income means all amounts, monetary or not, which:

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Household income means the combined income of the members

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Median household income (MHI) means the calculation computed by the U.S. Census Bureau - Income of Households - This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one-person, average household income is usually less than average family income. The median divides the income distribution into two equal parts with 50% of the cases falling below the median income and 50% above the median. For households and families, the median income is based on the distribution of the total number of households and families, including those with no income. The median income for individuals is based on individuals 15 years old and over with income. Median income for households, families, and individuals is computed on the basis of a standard distribution.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Family income means all income that is included in a determination of family income under section 143(f) of the internal revenue code, 26 USC 143(f), together with the income of all adults who will reside in the residence, which income might otherwise be excluded from consideration because the individual was not expected to both live in the residence and be primarily or secondarily liable on the mortgage note.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.